Call reports 2008
SOUTH STORY BANK & TRUST — 2008
What SOUTH STORY BANK & TRUST reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 52,700,000 | 53,427,000 | 52,935,000 | 52,663,000 |
| Total loans | 30,722,000 | 31,821,000 | 36,131,000 | 39,411,000 |
| Allowance for loan losses | 322,000 | 322,000 | 337,000 | 380,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 8,229,000 | 5,601,000 | 5,162,000 | 4,779,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,669,000 | 44,435,000 | 43,905,000 | 43,574,000 |
| Interest-bearing deposits | 37,306,000 | 37,852,000 | 37,172,000 | 37,143,000 |
| Noninterest-bearing deposits | 6,363,000 | 6,583,000 | 6,733,000 | 6,431,000 |
| Equity capital | 8,849,000 | 8,796,000 | 8,847,000 | 8,889,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 652,000 | 1,277,000 | 1,929,000 | 2,583,000 |
| Interest expense | 276,000 | 525,000 | 758,000 | 977,000 |
| Net interest income | 376,000 | 752,000 | 1,171,000 | 1,606,000 |
| Noninterest income | 42,000 | 84,000 | 133,000 | 181,000 |
| Noninterest expense | 287,000 | 541,000 | 840,000 | 1,115,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 131,000 | 295,000 | 464,000 | 622,000 |
| Income tax | 8,000 | 15,000 | 23,000 | 31,000 |
| Net income | 123,000 | 280,000 | 441,000 | 591,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,462,000 | 4,431,000 | 4,504,000 | 4,568,000 |
| Total capital | 4,784,000 | 4,753,000 | 4,841,000 | 4,948,000 |
| Risk-weighted assets | 32,936,000 | 33,316,000 | 35,597,000 | 37,959,000 |